While the real ownership of the stock market is impossible to pin down, Mr Howie's analysis poses important questions about what might happen if there is a sharp crash in share prices.

尽管不太可能彻底弄清中国股市的实际持股归属，但豪伊的分析提出了一个重要的问题，即如果股价暴跌，可能会发生什么情况。

youdao

Few people have much sympathy for the rich who have lost millions in the latest share price crash.

很少有人会同情那些在最近这次股市大跌中损失百万的富人。

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Notable extravagances involved losing badly gambling in Monte Carlo and betting that share prices would continue to rise when the Wall Street crash hit.

值得一提的是，他的生活穷奢极欲，在蒙特卡洛赌博输掉大笔钱财，在华尔街大崩盘的时候押注股价会继续上涨。

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The Fed is unlikely to cut interest rates unless global financial turmoil or a sharp crash in share prices threatens to choke off American consumer spending.

ECONOMIST: The dollar

Manager Sir Alex Ferguson made a speech to thank everybody for their efforts over the course of a glorious season, while the club also invited several survivors of the 1958 Munich air crash to share the moment.

BBC: Jubilant Man Utd arrive back home

If a share-price crash did tip the American economy into a dive, then the Fed would inevitably be blamed for not cutting interest rates sooner.

ECONOMIST: Grin and bear it